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01-22-08 1B Market Study
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01-22-08 1B Market Study
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Last modified
1/18/2008 11:19:37 AM
Creation date
1/18/2008 11:17:07 AM
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General
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Market Study by Maxfield Research
General - Type
Agenda Item
Date
1/22/2008
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<br />TABLE 21 <br />AVERAGE RENTSN ACANCIES AMONG MARKET AREA COMMUNITIES <br />3rd QUARTER 2007 <br /> <br /> <br />RENTAL MARKET ANALYSIS <br /> <br /> <br />Vadnais Heights <br />Rent $500 $657 $773 $1,025 $724 <br />Vacanc Rate 0.0% 3.4%. 3.5% 0.0% 3.4% <br />Twin Cities Metro Area <br />Rent $624 $768 $969 $1.268 $890 <br />Vacanc Rate 3.2% 3.2% 3.8% 5.1% 3.6% <br /> <br />0.1% <br /> <br />2.7% <br /> <br />Notes: 3rd Quarter 2007 <br />N Central Suburban = Average Rent: $821 per month; Average Vacancy: 3.5%. <br />Newer Developments (since 2000): Average Market Rent = $1,252; Average Vacancy Rate 4.8% (Metro-wide) <br /> <br />Sources: GV A Mar uette Advisors Inc.; Maxfield Research Inc. <br /> <br />MAXFIELD RESEARCH INC. <br /> <br />52 <br />
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